1 Required information [The following information applies to the questions displayed below.] Lawson Consulting, which began operations on December 1, had the following accounts and amounts on December...

Extracted text: 1 Required information [The following information applies to the questions displayed below.] Lawson Consulting, which began operations on December 1, had the following accounts and amounts on December 31. The I. Lawson, Capital account balance at December 1 was $0 and the owner invested $21,680 cash in the company on December 2. On December 31, the company's accounts and amounts for the month of December are shown in the table Part 1 of 3 below: $ 14,000 I. Lawson, Withdrawals 6,300 Services revenue 8,300 Rent expense 4,620 Wages expense 21,680 $ 3,300 17,400 3,800 8,000 points Cash Accounts receivable Equipment Accounts payable I. Lawson, Capital eBook Use the above information to prepare a December income statement for the business. Hint LAWSON CONSULTING Income Statement Revenues: Services revenue $ 17,400 Accounts payable Total Revenues 2$ 17,400 Revenues: $ 3,800 Accounts payable 8,000 Wages expense Total Expenses 11,800 Net income $ 5,600